CA daily briefing: Friday 27 March 2020
Your essential briefing of the morning's top news stories.
Good morning, Hilde Oesterkloeft here to give you the morning's updates from ICAS and around the world.
The latest from ICAS
April's edition of the CA magazine features three CAs working for airlines, an interview with author and entrepreneur Julia Hobsbawn on the need to keep it simple, and reflections from Ken Allen, CEO of multinational giant DHL Express.
As of 25 March 2020, businesses are now able to apply for a 3-month extension for filing their accounts. This joint initiative between the government and Companies House will mean businesses can make managing the impact of coronavirus their priority.
The roll-out of 30-day reporting for UK property gains is going to bring challenges. HMRC is stepping up communication to taxpayers. Philip McNeill looks at a specific challenge for agents – being authorised by clients to act on their behalf for the new service.
Are claims and elections time consuming or difficult to administer? Could there be an easier way to make claims? Are any particularly easy, or troublesome? Philip McNeill notes that the OTS is conducting a review and would like your views.
Today's top stories from around the web
- Investors flee UK funds for cash with bond funds the worst hit (City AM)
- Coronavirus: People urged not to move house (BBC News)
- European shares retreat after biggest three-day surge ever (Reuters)
- EU leaders clash over economic response to coronavirus crisis (The Guardian)
- Coronavirus: Mike Ashley 'deeply apologetic' for blunders (BBC News)
- Coronavirus: 'June? Seriously?' - Self-employed urge financial aid to be given sooner (Sky News)
- Asian stocks climb after Wall Street’s record rise on $2 trillion US stimulus (City AM)
- Royal Mail restructuring take virus hit, dividend cancelled (Reuters)
- Bank of England warns of long term damage to economy (The Guardian)
That's all for today. Check back next week for your Monday briefing.